Credit card loans are increasing as a percentage of creditunions' total assets at the same time they are declining as apercentage of total assets at commercial banks, according tofinancial consulting firm SNL Financial.
“At the end of 2010, aggregate credit card loans and otherrevolving credit plans stood at $36.37 billion at U.S. creditunions, accounting for 6.35% of their total loans,” SNL analystsreported on Thursday. “By Sept. 30, 2012, that number had grown to$38.25 billion, or 6.39% of the total loan portfolio.”
By contrast, credit card loans at commercial banks moved from10.78% of their loan portfolios at the end of 2010 to 9.70% at theend of the third quarter of 2012.
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